📉 BTC/USDT Update – What’s Next?
Bitcoin is trading at $107,662, down -1.59%, showing strong bearish momentum on the 1H chart.
🔍 Key Insights:
RSI (6) is at 11.31 → Highly Oversold!
Recent high: $110,529
Support zone: $107,200 – $106,000
Strong selling volume with price nearing local support
📊 Possible Scenarios: 1️⃣ Relief Bounce incoming? Oversold RSI suggests a short-term bounce toward $108,400–$109,000
2️⃣ Breakdown Risk: If $107,200 fails, next targets = $106,000 / $104,800
⚔️ Traders, be ready for volatility. This is a crucial zone. Watch the volume and key support levels closely.
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